122 E Forteen Mile RdDafterMI49724
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Dafter at 122 E Forteen Mile Rd, Dafter, MI, 49724 priced at $289,000 converts $2,400/mo rent into $494/mo cash flow after a $1,415/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $5,924/yr on $95,804 invested. Return on cash invested prints 26.09% in year one, and rental yield reads 9.97% against a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation compiles into $79,845 by year five. Five-year ROI reaches 136.54% and total cumulative return in cash sums $130,814. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,415/mo payment, not borrower’s personal income.
Single Family
Built in 1978
2.81 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49724, Dafter, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 519 (100%) |
| Owner Occupied HU | 416 (80.2%) |
| Renter Occupied HU | 33 ( 6.4%) |
| Vacant Housing Units | 70 (13.5%) |
| Median Home Value | $187,273 |
| Average Home Value | $203,708 |
Housing Distribution
Address Breakdown
Residential
503
Single Family
503
Multi-Family
0
Businesses
16
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Listed by: Leah Jackson • KW Northern Michigan Properties
Mls Name: EUPBR
Mls Provider:
Mls ID: #25-230
Disclaimer: Copyright Eastern Upper Peninsula Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed. The listing brokers offer of compensation is made only to participants of the MLS where the listing is filed.